TIDMEEP

RNS Number : 6263W

Eastern European Property Fund Ltd

16 November 2017

FOR IMMEDIATE RELEASE

Eastern European Property Fund Limited

Strategic Review

16 November 2017

Eastern European Property Fund Limited ("EEP" or the "Company") continues to procure and progress negotiations with interested parties with a view to securing the disposal of EEP's remaining key property asset as soon as possible. However, as highlighted in the Company's Interim Report for the period to 30 June 2017, the Board is cognisant of the Company's ongoing operating costs relative to progress being made on the disposal of that asset.

With that in mind, the Board wishes to consult with shareholders shortly to seek views on:

(i) the future of EEP as a quoted company and potential cost-savings through a de-listing; and

(ii) the sale strategy in respect of the Company's principal asset which may include seeking an anchor tenant for the property in the short-term in order to better facilitate a more attractive disposal in the medium-term.

Liberum Capital, as the Company's Nominated Adviser and Broker, will consult shortly with key shareholders on the Company's behalf. Any shareholders not contacted by Liberum wishing to discuss the Company's future are invited to contact Liberum.

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Contacts

 
 Elysium Fund Management                   Steve Pearce (nominated 
  Limited                                   adviser) 
  1(st) Floor, Royal                        Henry Freeman (corporate 
  Chambers                                  broker) 
  St Julian's Avenue                        Liberum Capital Limited 
  St Peter Port                             Ropemaker Place, 
  Guernsey                                  Level 12 
  GY1 3JX                                   25 Ropemaker Street 
                                            London 
                                            EC2Y 9LY 
 Tel: +44 1481 810100                      Tel: +44 203 100 
                                            2000 
 Elysium website: www.elysiumfundman.com   Email: eepf@liberum.com 
 EEP website: www.eepfl.com                Website: www.liberum.com

This information is provided by RNS

The company news service from the London Stock Exchange

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November 16, 2017 02:00 ET (07:00 GMT)

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